Virtual Meeting (August 2021) METHODOLOGICAL OPTIONS FOR THE INCLUSION OF THE SOCIAL PRICE OF CARBON IN NATIONAL PUBLIC INVESTMENT SYSTEMS IN LATIN AMERICA AND THE CARIBBEAN

The meeting, whose purpose was to discuss the different methodological options for estimating the social price of carbon, its advantages and disadvantages and its implications on the evaluation of public investment projects, brought together 70 specialists from 15 countries, representing 12 SNIPs in the region. After a presentation by Andrés Pica, ECLAC consultant and Executive Director of the Global Change Center of the Catholic University of Chile on the methodological options for estimating the Social Price of Carbon and simulations in the evaluation of projects, the advantages and difficulties of its application in the framework of the SNIPs of the region were discussed. In this context, José Andrés Múñoz, Head of the Methodologies Department of the Ministry of Social Development and Family of Chile shared the Chilean experience of using different methodologies to calculate the social price of carbon and apply it in the evaluation methodologies, and Francisco Tula, President of the RedSNIP and Director of the SNIP of Costa Rica related different considerations to take into account when designing a process to adopt a calculation methodology. Finally, a proposed roadmap was presented to work with the SNIPs of the region, calculate the social price of carbon and accompany the implementation of a methodology in the SNIPs.